The July round of Singapore Savings Bonds (SSB) is out, and the yields are impressive. At an average of 2.63% not only is it one of the highest yielding issuance yet, it has also one of the highest short-term yield rates. Much higher than what the banks that are offering at 1.5%-1.75% for a 24months issuance.
As soon as I saw the issuance out on the newspaper, I quickly pointed it to my Dad, whom I know puts his money in fixed bank deposits. With the low minimum deposit amount and the AAA backing of the government, this is a no brainer if you already keep money in FDs.
Without any minimum sum required, I’d reckon that it’ll even beat the DBS multiplier account for most account holders, without a minimum spending amount.
Knowledge is power and financial literacy and keeping current in the investment world yields long term results.